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Ukio Bankas Group of Lithuania Returned to Profit in 2011

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Feb. 29 (Bloomberg) -- AB Ukio Bankas Group, Lithuania’s biggest publicly traded bank, said it returned to profit in 2011.

Net income totaled 1.1 million litai ($430,000), compared with a loss of 33.5 million litai in 2010, the Kaunas-based company said in regulatory statement today. Fourth-quarter profit totaled 969,000 litai, it said.

To contact the reporter on this story: Milda Seputyte in Vilnius at mseputyte@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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